No changed in our view, AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7642 support could...
AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 could be treated as consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 0.7600 area. Resistance is...
AUDUSD extended its downside movement from 0.8135 to as low as 0.7642. Further decline is still possible after a minor consolidation and next target would be at 0.7500 area. Near term resistance is at 0.7785, a break...
The Australian dollar rallied a bit during the trading session on Thursday, reaching towards the 0.77 handle. This is an area that I think is going to be a bit resistive, suggesting that perhaps we could find...
AUDUSD remains in the downtrend from 0.7916, the rise from 0.7642 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone....
AUDUSD broke below 0.7672 support, indicating that the downtrend from 0.7916 has resumed. Further decline would likely be seen in a couple of days, and next target would be at 0.7600 area. Resistance is now at 0.7700,...
The Australian dollar has broken down during the trading session initially against the US dollar, reaching down to the 0.77 level. The level continues to be important as we have seen over the last several sessions, and...
AUDUSD is facing 0.7672 support, a breakdown below this level could signal resumption of the downtrend from 0.7916, then further decline towards 0.7600 could be seen. The key resistance is at 0.7785, a break of this level...
AUDUSD moved sideways in a trading range between 0.7672 and 0.7785. As long as 0.7785 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7916 and a breakdown below...
AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7672 is likely correction for the downtrend. A breakdown below 0.7672 support could trigger another fall towards 0.7600. Resistance is at 0.7785, only a breakout of this...
